JPMorgan High Yield Municipal ETF $JMHI Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) by 25.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,447 shares of the company’s stock after acquiring an additional 35,110 shares during the quarter. JPMorgan Chase & Co. owned about 3.77% of JPMorgan High Yield Municipal ETF worth $8,757,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ameriflex Group Inc. raised its stake in JPMorgan High Yield Municipal ETF by 127.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,635 shares of the company’s stock valued at $184,000 after purchasing an additional 2,034 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in JPMorgan High Yield Municipal ETF in the 2nd quarter valued at about $204,000. Landmark Wealth Management LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the 3rd quarter worth about $216,000. NewEdge Advisors LLC boosted its stake in shares of JPMorgan High Yield Municipal ETF by 37.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,775 shares of the company’s stock worth $342,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Pure Financial Advisors LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF during the third quarter worth about $343,000.

JPMorgan High Yield Municipal ETF Price Performance

NYSEARCA:JMHI opened at $49.56 on Monday. The firm has a 50 day simple moving average of $50.47 and a 200-day simple moving average of $50.46. JPMorgan High Yield Municipal ETF has a 1-year low of $47.45 and a 1-year high of $51.19.

JPMorgan High Yield Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.1851 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan High Yield Municipal ETF’s previous monthly dividend of $0.17.

JPMorgan High Yield Municipal ETF Company Profile

The JPMorgan High Yield Municipal ETF (JMHI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that primarily invests in US municipal securities of varying maturities, exempt from federal income tax. The fund seeks to provide a high level of current income from high yield securities. JMHI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.